A.T. Cross Co., writing its quarterly report in bright red ink, is reviewing strategic alternatives for its Pen Computing Group (PCG), which may include a sale. But one analyst indicated that the $80 million market cap company might have trouble attracting buyers for its weakly marketed product. “The world is not beating a path to their door for the CrossPad,” said Grodsky Associates analyst Sheldon Grodsky. PCG was formed in 1996 and offers as its main product the CrossPad, an electronic clipboard that allows users to write in ink on plain paper while simultaneously creating a digital copy of the notes which can be downloaded to a computer.
To read the entire story, you must be logged in.
Please log in now or register with us.
